VOL. XLIV

No 49

3-December-2001

KUWAIT

FitchAssigns BBB+ And F2 To Burgan Bank

Internationalratings agency Fitch announced on 20 November that it had assigned a foreign currencylong and short-term rating of BBB+ and F2 respectively to Kuwaits Burgan Bankand that the banks long-term rating outlook is stable. In a statement, theagency said that the bank had also been assigned an individual rating of C/Dand had an affirmed support rating of 2, reflecting comfortable capitaladequacy levels, (16.2% at...